Reasons to be cheerful

The International Monetary Fund’s latest prediction of solid global growth over the next two years has been welcomed by West Midlands UKIP MEP James Carver.

He said the significant increase in the volume of world trade, up from 2.3% growth last year to 4% this year and 3.9% next was “very encouraging” - especially for UK exports.

“Inflation is also set to follow the global trend and decelerate. There are many reasons to be in positive mood about the UK’s economy and whilst we must be realistic about up-coming challenges we should also be buoyed up by the long-term opportunities presented by Brexit,” said Mr Carver.

Overnight the International Monetary Fund (IMF) provided an update of their global economic outlook. Although the IMF is not a great forecaster, we take it seriously because it is an indicator of where benchmark thinking is on global growth. The IMF sees